Machine Manufacturing

Navistar International has agreed to pay a $7.5 million penalty to settle Security and Exchange Commission charges it misled investors about developing an advanced technology truck engine that could be certified to meet U.S. emission standards.

The SEC filed a separate complaint in U.S. District Court in Chicago charging former Navistar CEO Daniel Ustian with helping the company mislead investors about the truck engine, which failed to meet stricter Environmental Protection Agency standards that took effect in 2010.

Related "Machine Manufacturing" Articles

Navistar International has agreed to pay a $7.5 million penalty to settle Security and Exchange Commission charges it misled investors about developing an advanced technology truck engine that could be certified to meet U.S. emission standards.
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Published in Chicago Tribune on April 02, 2016 — Print headline: "Navistar to pay $7.5M in deal with SEC"

Construction and mining equipment maker Caterpillar Inc. on Wednesday said worldwide dealer machinery sales fell 9 percent for the three months that ended in July.
By segment, sales in resource industry, which is mainly mining, sank by 33 percent from...

Metro Chicago lags behind many counterparts nationwide in the recovery of its manufacturing sector as well as the exports it fuels, a serious deficit as the city reaches for a bigger share of global economic activity.
While the 14-county tri-state area...

Construction and mining equipment maker Caterpillar Inc. said Wednesday that dealer machinery sales fell 10 percent worldwide for the three months that ended in June. That was a slightly slower pace of decline than sales in the three months that ended...

Innovators and entrepreneurs are fast seeing the future — in 3D, of course.
Jonathan Kinlay, CEO and founding partner of Innovation Factory, a West Loop idea incubator for product designers, sees prototyping designs with 3D printers as a viable way...

It should be one of the unqualified successes of the year — a period drama directed by, written by and starring women of color that found a large audience for a fact-based tale drawn from obscure history that shed light on the beginning of the end of...

A nearby swim stadium is under construction, so USC players and coaches are accustomed to hearing heavy machinery during practice at Brian Kennedy-Howard Jones Field.
But on Monday, interim Coach Ed Orgeron introduced the Trojans to something new.
...

Prometheus has long been a symbol of the rebel hero, a revolutionary challenging an oppressive order. Dubbed "the patron saint of the proletariat," he is a god who sided with mankind against the immortals, bestowing on them enlightenment and the great...

WASHINGTON -- Growth in the key manufacturing sector unexpectedly picked up last month from an already strong pace as factories saw a surge in new orders, the Institute for Supply Management said Tuesday.
The group's purchasing managers' index, which...

PHILADELPHIA - When Tom Jurkowsky joined the U.S. Mint at Philadelphia three years ago, he took the public tour, the same one launched in 1969 when the Mint opened at its current location.
Jurkowsky, director of public affairs for the Mint, was...

The passengers from New Jersey spill out of the train station and across the blistering sidewalks of Lower Manhattan, oblivious to one another as they steamroll toward their destinations.
One rider stands out from the pack: a broad-shouldered man wearing...